Commenting, Wayne Smethurst, managing director of Orbiter, said: “We are seeing an increasing demand from intermediaries for secured loans, especially where clients are looking for increased borrowing but also wanting to maintain their current deal. As a result, the secured loan sourcing module within Orbiter just gets busier and busier.
“Until now, the Portal Group’s loan portfolio has only been available through packagers. Portal’s new range includes buy-to-let loans up to 80% LTV, so the addition of Portal to our sourcing panel will provide all our users with a significantly wider choice.”
Orbiter users are able to compare a mortgage and a secured loan side by side. If the intermediary prefers the secured loan route, Orbiter’s functionality enables an intermediary to apply for a secured loan by going straight through to TFC using only 2 mouse clicks. TFC will then process the application directly with the intermediary’s client whilst keeping the intermediary updated throughout.
Wayne continued: “We are committed to providing users of the Orbiter sourcing system with a high quality panel of secured lenders and the addition of The Portal Group to the Orbiter panel is part of that commitment.”
